Study on the Influence of Accounting Conservatism on Investment Efficiency—Based on the Perspective of Board Characteristics

JIN-PING LIU, YU-JING CUI

Abstract


This paper uses the data of Chinese a-share listed companies from 2014 to 2017 to empirically test the influence of accounting conservatism on investment efficiency and the influence of board characteristics on the relationship between them. The study finds that accounting conservatism inhibits over-investment and aggravates under-investment; The relationship between accounting conservatism and excessive investment is significantly affected by the dual posts, the number of board meetings and board compensation incentives. The relationship between accounting conservatism and under-investment is significantly affected by the dual posts and board compensation incentive.

Keywords


Board Characteristics, Accounting Conservatism, Investment EfficiencyText


DOI
10.12783/dtem/icem2019/31229

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